EnClear Therapies, a life sciences company developing device-based therapies for the treatment of neurodegenerative disease, today announced a $10 million Series A financing led by 20/20 HealthCare Partners (“20/20 HCP”), and joined by Peter Thiel, Amgen Ventures, GHS Fund (Quark Venture LP and GF Securities), Christian Angermayer’s Presight Capital and Dolby Ventures.

EnClear Therapies, a biotechnology company developing device-based therapies for the treatment of neurodegenerative disease, today announced that the company had secured approximately $2 million in seed funding and that it has hired Kevin Kalish as Vice President of Research and Development.

EnClear Therapies’ system designed to treat amyotrophic lateral sclerosis (ALS) and other neurodegenerative diseases was one of five first-place winners of the Massachusetts Life Sciences Center (M2D2) $200K Challenge

Medical device startups are becoming increasingly ambitious when it comes to treating diseases that are ill-served by drugs. The latest on this front is Enclear Therapies Inc., a Cambridge, Mass.-based company that is developing a device to clear toxic proteins from cerebrospinal fluid (CSF) to treat diseases such as amyotrophic lateral sclerosis (ALS), progressive supranuclear palsy (PSP) and other neurological diseases.